Amundi and NextStage partner on small and medium-sized enterprise investments
Asset manager Amundi acquires a stake in specialist NextStage, focusing on French SMEs. The partnership aims to broaden Amundi's offering and support French businesses.
Asset management firm Amundi has acquired a 7.5% stake in investment firm NextStage, establishing a partnership focused on capital investment in French small and medium-sized enterprises (SMEs).
NextStage, which manages approximately 300 million euros, is a recognized player in investing in French listed and unlisted SMEs. The collaboration is expected to enable NextStage to reach a new stage of growth with Amundi's technical and commercial support.
Amundi, managing nearly 700 billion euros in assets as of the end of June 2012, seeks to expand its investment offerings in promising French SMEs. This move complements its internal investment teams and banking partnerships.
The partnership strengthens Amundi's presence in the French capital markets and offers investors a wider range of opportunities within the SME sector. For NextStage, it provides a strengthened foundation for growth with the backing of a major global financial player.